1 MONGOLIA AND UK CONDUCT JOINT STUDY ON CYBERSECURITY RISKS WWW.MONTSAME.MN PUBLISHED:2025/11/02      2 RUSSIA, MONGOLIA TO UPGRADE ROAD & RAIL CORRIDORS AND INCREASE FREIGHT TRANSIT WWW.RUSSIASPIVOTTOASIA.COM PUBLISHED:2025/11/02      3 MONGOLIA UPGRADED TO 'BB-' ON SUSTAINED FISCAL CONSOLIDATION AND STRONG GROWTH; OUTLOOK STABLE WWW.SPGLOBAL.COM PUBLISHED:2025/10/31      4 GOVERNMENT OF MONGOLIA LAUNCHES NEGOTIATIONS WITH RIO TINTO WWW.MONTSAME.MN PUBLISHED:2025/10/31      5 MONGOLIA COURT UPHOLDS GOVERNMENT’S TERMINATION OF QSC CONCESSION, CITING “PUBLIC INTEREST” WWW.EGUUR.MN PUBLISHED:2025/10/31      6 EBRD FINANCES CONSTRUCTION OF CARDIOVASCULAR HOSPITAL IN MONGOLIA WWW.EBRD.COM PUBLISHED:2025/10/31      7 ADB TO SUPPORT MONGOLIA’S LARGEST SOLAR AND BATTERY STORAGE PROJECT FOR ENERGY SECURITY WWW.ADB.ORG PUBLISHED:2025/10/31      8 HUNNU CITY POWER INFRASTRUCTURE NEARS COMPLETION WWW.MONTSAME.MN PUBLISHED:2025/10/31      9 MONGOLIA COMMISSIONS 53 NEW FACTORIES AS PART OF ‘FOOD REVOLUTION’ PLAN WWW.MONTSAME.MN PUBLISHED:2025/10/31      10 DEPUTY PRIME MINISTER S.AMARSAIKHAN DISMISSED FOR VIOLATING ACCOUNTABILITY AGREEMENT WWW.GOGO.MN PUBLISHED:2025/10/29      ДЭЛХИЙН БАНКНЫ САНХҮҮЖИЛТЭЭР 102 КМ ДАЛАН СУВАГ ӨРГӨТГӨНӨ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/11/02     “ОЮУ ТОЛГОЙ” КОМПАНИЙН ГҮЙЦЭТГЭХ ЗАХИРАЛ ДЭЙРДРЭ ЛИНГЕНФЭЛДЕРИЙН МОНГОЛ УЛСЫН УУЛ УУРХАЙН САЛБАРТ ОРУУЛСАН ХУВЬ НЭМРИЙГ ҮНЭЛЭН “НАЙРАМДАЛ МЕДАЛЬ”-ААР ШАГНАЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/02     ЧИНГЭЛТЭЙ ДҮҮРГИЙН 300 АЙЛ НОГООН ХАЛААЛТЫН СИСТЕМД ХОЛБОГДОЖ ЭХЭЛЛЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/02     102 АППЛИКЭЙШНЭЭР ЗӨРЧИЛ МЭДЭЭЛСЭН ИРГЭНД ТОРГУУЛИЙН 10-20 ХУВИЙГ ОЛГОНО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/02     ЭРЧИМ ХҮЧНИЙ ШӨНИЙН ТАРИФЫН ХӨНГӨЛӨЛТ ӨНӨӨДРӨӨС ХЭРЭГЖИЖ ЭХЭЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/02     S&P АГЕНТЛАГ ЗАСГИЙН ГАЗРЫН ТӨСВИЙН БОДЛОГЫГ ЭЕРГЭЭР ҮНЭЛЖ, ТОГТВОРТОЙ ҮРГЭЛЖЛҮҮЛЭХ НЬ ЗҮЙТЭЙ ГЭВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/31     ОЮУ ТОЛГОЙ ТӨСЛИЙН ХУВЬ НИЙЛҮҮЛЭГЧДИЙН ЗЭЭЛИЙН ХҮҮГ ХЭЛЭЛЦЭХ ЭЭЛЖИТ 7 ЖИЛИЙН ХУГАЦААГ ҮЛ ХАРГАЛЗАН ХЭЛЭЛЦЭЭРИЙГ ҮРГЭЛЖЛҮҮЛЭХЭЭР БОЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31     Э.ШИЖИР: “НИЙТИЙН ЭРХ АШИГ” НЭРИЙН ДОР ХУВИЙН ХЭВШЛИЙН ЭРХИЙГ ЗӨРЧИЖ БОЛОХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/31     Х.БУЛГАНТУЯАГ УИХ-ЫН ДЭД ДАРГААС ЧӨЛӨӨЛЖ, Ж.БАТ-ЭРДЭНИЙГ ДЭВШҮҮЛЭХЭЭР БОЛЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/31     2025 ОНД ХӨВСГӨЛ АЙМГИЙН 8 СУМАНД 18 УДАА ГАЗАР ХӨДӨЛЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/31    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Suicide rates increase in Mongolia in recent years: report www.xinhuanet.com

Suicide rates have increased during the last four years in Mongolia and remain high, according to a report released by the country's National Center for Mental Health on Tuesday.
Mongolia had an average suicide rate of 28.1 per 100,000 people in 2021-2025, most of whom were male, the report said.
Suicide is a leading cause of death for people aged 15 to 34, according to center.
The main causes of suicide are unemployment, socioeconomic instability, severe depression, drug addiction, alcoholism, and illness.
Mongolian psychologists said the government must take urgent measures to prevent male suicide among young men in the country.

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MongolZ Tops World Rankings www.montsame.mn

Two main platforms set the global rankings in eSports.
One platform is HLTV, and for the first time in history, the MongolZ team has reached the world’s number one spot in its rankings. Specifically, HLTV, which determines the official world rankings for the Counter-Strike 2 video game, published its latest update on September 29, 2025. The MongolZ secured first place with 896 points, surpassing the French team Vitality.
The MongolZ’s recent victories, including placing second in the World Cup tournament in both the BLAST Bounty and FISSURE Playground 2 competitions, contributed to this achievement. The team rankings are updated weekly, and for the first time since April 2025, Vitality has dropped from its leading position.
Recently, MongolZ had topped another global ranking platform, Valve’s VRS rankings.

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Mongolia’s Economic Growth is Sustained, Despite Global Uncertainties www.gogo.mn

Mongolia’s economic growth is expected to be driven this year by a recovery in livestock numbers and the ramp-up of the Oyu Tolgoi underground mine. However, weaker coal exports and reduced government spending have led the Asian Development Bank (ADB) to lower its growth forecast.
According to the Asian Development Outlook (ADO) September 2025 report, ADB projects Mongolia’s economic growth at 5.7% in both 2025 and 2026, down from April’s forecasts of 6.6% and 5.9%, respectively. Demand for Mongolia’s export minerals, especially coking coal, is expected to remain weak in 2025–2026 due to higher tariffs and trade restrictions affecting steel production in the People’s Republic of China (PRC). In addition, recent government spending cuts are likely to dampen consumption and public investment for the rest of 2025.
“Despite heightened global uncertainties, economic growth in Mongolia remains robust,” said ADB Country Director for Mongolia Shannon Cowlin. “It is now even more critical to foster broad-based and diversified growth, while addressing vulnerabilities linked to mineral dependence and commodity market volatility.”
Mongolia’s economic growth remained robust in the first half of 2025, largely driven by a recovery in herd size under favorable weather conditions.
Mining contributed less, as momentum in coal exports slowed amid weakening market conditions, while non-mining industries benefited from expansion in energy and construction. For the remainder of 2025, growth will be supported by non-mining industries and the services sector, although the expected drop in crop harvests may impact agriculture's recovery. Growth in 2026 is projected at 5.7%, led by services, while mining may underperform earlier expectations.
Inflation remained above the central bank’s target range in the first half of 2025 due to lingering effects from regulated price hikes. Consumer prices are forecast to rise by 8.6% this year, slightly below April’s projection of 9.1%, following updates to the consumption basket. The postponement of utility tariff increases is expected to delay additional price pressures until next year. As a result, inflation for 2026 is now projected at 7.2%. Price pressures remain elevated for domestic food and imported goods.
Risks to the outlook include further restrictions on the PRC’s steel production that could hurt demand for Mongolia’s exports, delays in the Oyu Tolgoi mine’s development, and the possibility of a harsh winter in 2025–2026 affecting agricultural production.
ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.
By B.Erdenechimeg

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Surplus Revenue of Ulaanbaatar-Owned Companies to Fund Mega Projects www.montsame.mn

The surplus revenue of Ulaanbaatar’s state-owned companies and self-financing organizations will be used to fund mega projects in the future.
During a meeting with the management of these organizations, Governor of the Capital City and Mayor of Ulaanbaatar Nyambaatar Khishgee emphasized the need to reduce costs in 2026-2027 and implement results-based management.
“While only a few organizations, such as the Investment and Trade Agency and the State Housing Corporation, were profitable in 2023, currently about 90 percent of these entities have begun generating profits. The modernization of public transport has increased passengers and produced over MNT 70 billion in profit. Next year, profitability could reach MNT 100 billion,” reported the Media and Public Relations Department of the Governor’s Office of the Capital City of Ulaanbaatar.
The National Sports Stadium of Mongolia is expected to generate MNT 3.5 billion in profit this year while also hosting the “Green Autumn Days” festival free of charge.
Additionally, over 250 kilometers of roads in the Capital city have been renovated using the Road Fund. From next year, construction will begin on secondary roads, including the Tuul and Circular Highways.

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Thermal Power Plant to Supply Electricity and Heat to Emeelt Industrial Park www.montsame.mn

Within the framework of the 24 mega projects for the development of the Capital city, the Emeelt Eco Industrial Park will be built on 539 hectares in Shar Khuvyn Khooloi, Khan-Uul District, about 30 km from the city center.
A new 24 MW thermal power plant will be constructed to supply the park with electricity, heat, process steam, and hot water. According to the Public Relations and Information Division of the Governor’s Office of Ulaanbaatar City, the design of the power plant will be completed this year, with construction scheduled to commence in 2026 and be commissioned within two years.
The plant will be equipped with two low-temperature circulating fluidized bed boilers with a steam capacity of 110–130 tons per hour, two 12 MW PT-type steam turbine generators, and auxiliary equipment. To ensure stable and reliable operation, the station will operate in parallel with the central power grid. It is planned to consume 199,000–205,000 tons of coal annually, generating 156 million kWh of electricity and 265,600 Gcal of heat energy, thus meeting the energy needs of the Emeelt Eco Industrial Park and creating 185 permanent jobs.
Compared to other plants, the new thermal power station will feature complete fuel combustion, lower air pollution, environmentally friendly technology, and a modern automated control system. In addition, heating, hot and potable water pipelines, as well as power and telecommunication networks of the park, will be installed within an underground utility tunnel.

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Esports Games Driving the Popularity of Melbet Mongolia www.europeanbusinessreview.com

Esports in Mongolia have long since evolved from entertainment into a mass phenomenon, gathering huge audiences and bringing local teams to the international stage. Prizes are growing, tournaments are compared to classic sports, and the interest of fans is only growing. Melbet Mongolia has become the center of this movement: it has the best disciplines, a wide betting line and convenient access via the web and application. In this article, we will analyze which games drive the popularity of the platform!
Melbet MN and the Rise of Esports
In Mongolia, eSports have gone from being a hobby for a small audience to a full-fledged mass phenomenon in a short period of time. Tournaments increasingly attract thousands of viewers, and broadcasts are becoming a common part of leisure. Against this background, the MelBet Mongolia bookmaker has managed to occupy a special niche: it offers more than twenty disciplines, including CS2, Dota 2, Valorant and Mobile Legends: Bang Bang. The numbers only confirm the scale – more than 70% of young people aged 18 to 35 are involved in eSports in one way or another, and the audience grows by about 25% annually.
National leagues such as MESA Pro Series and XSE Challenger League remain a significant factor, where local teams get a chance to make a name for themselves. International support is also important: Melbet is a partner of major tournaments, including BLAST.tv Major Mongolia. For users, this is not only access to bets with odds from 1.5 to 5.0, but also a wide selection of markets – from MVP predictions to map outcomes. More than a million people visit the platform every month, and 24/7 support and live broadcasts via the MelBet mobile app make participation even more convenient!
MOBA Titles Leading the Charge
MOBAs are the leading eSports genre in Mongolia, and the interest in the genre is only growing. Teamwork, strategy, and unpredictable outcomes keep viewers engaged, and Melbet Mongolia offers hundreds of markets for each match. The main projects are:
Dota 2 (Valve, 2013): about 30% of eSports traffic in the country. The International 2025 in Hamburg has a prize pool of $1.6 million. Melbet offers bets on picks, bans, and kill totals, with odds ranging from 1.8 to 4.0.
League of Legends (Riot Games, 2009): over 160 champions. In Mongolia, LoL viewership growth reaches 20% per year. Betting on dragons and towers is popular on Melbet, with odds on Worlds favorites starting at 1.7.
Mobile Legends: Bang Bang (Moonton, 2016): Mongolia is among the leaders in IESF 2024 views. Melbet accepts bets on the national team’s matches, for example, against Cambodia.
Arena of Valor (Tencent, 2016): Mongolian teams earned about $200 thousand. Matches last 15-25 minutes, ideal for live betting.
Smite (Hi-Rez, 2014): the audience is smaller, but growing. Melbet offers markets for choosing gods and winning maps.
Thanks to this, MOBAs form almost 40% of bets on Melbet MN and retain their status as the main genre.
Tactical Shooters Capturing Attention
In Mongolia, tactical shooters attract the largest audience. Not only accuracy is important here, but also strategy, team play and a cool head in decisive moments. The undisputed leader is CS2, which replaced CS:GO and immediately became the main discipline on the local scene. According to Melbet Mongolia statistics, about 80% of bets in the shooter category are on this game. More than 700 markets are available in each match – from the best player prediction to round totals, which makes watching matches even more exciting.
TheMongolZ team attracts special attention. Their victory at the Esports World Cup 2025 over the famous Vitality became a real event for the country and spurred interest in the discipline. Viewership figures jumped sharply, and along with them, activity on Melbet grew. At the same time, Valorant is gaining popularity: the audience has grown by about 15%, and Challenger League tournaments attract the attention of young fans. Live betting on shooters is particularly dynamic, with odds ranging from 1.5 to 3.0, and it is this mix of strategy, excitement and national pride that makes the genre a key part of the Mongolian scene.
Battle Royale and the Thrill of Survival
The battle royale genre has taken a strong place among Mongolian players, especially in regions where mobile devices remain the main way to access games. The absolute leader is PUBG Mobile. Teams from Mongolia have earned a total of about $2.8 million in prize money, and almost half of all gamers in the country regularly play the game. At Melbet Mongolia, bets are placed on the number of kills, survival in the zone, and the final place in the match. Each game turns into a tense test, where both tactics and luck are important.
Fortnite, which attracts young people with its building mechanics and global tournaments, does not lose popularity either. FNCS prizes reach $7 million, and interest in the discipline remains high. Melbet offers markets for eliminations and final positions of teams, and the odds provide a wide range of options. In general, battle royale accounts for about 15% of bets on eSports in Mongolia, which confirms the stable interest in the genre and its strong position on the local scene.
In addition to MOBA, shooters and battle royale, Mongolia’s esports scene is also shaped by other areas. Their diversity adds depth, opens up new formats for players and creates additional betting opportunities. Here are five categories that are confidently making a name for themselves:
Tips for Smarter Esports Betting
In eSports, passion without strategy rarely brings results. Melbet Mongolia offers dozens of markets per match, and proper preparation always plays a key role. To increase your chances, it is important to consider the following:
Team statistics: kills, percentage of wins on maps, players’ form.
Current form: the last 5 matches are often more informative than a long history.
One discipline: focus on CS2 or Dota 2, and do not scatter.
Live betting: use fluctuations in odds at the right moment.
Bankroll: do not risk more than 5% of your total capital per bet.
Such simple rules help keep your passion under control and increase your chances of a stable result. In eSports, knowledge and the ability to seize the moment are decisive.
Closing Thoughts on the Future of Esports
Well, in 2025, eSports in Mongolia is no longer a trend, but a part of everyday life, and we are sure that even greater growth awaits it. No matter which game or team is closer to you – Melbet Mongolia has it all. Download the app or go to the web version, bet on your favorite players and teams, use bonuses and catch your luck!

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Mongolian Startup E-Geree.mn Ranks Among Top Three in ‘Makers in China’ Competition www.montsame.mn

The “Makers in China” competition was held in Hangzhou, the People’s Republic of China, featuring top startups from Mongolia, the Republic of Kazakhstan, the Republic of Uzbekistan, the Republic of Turkmenistan, the Republic of Tajikistan, and the Russian Federation.
The team behind Mongolia’s digital document system, E-Geree.mn, was selected as one of the “Top 3 Projects” and received a trophy. This achievement grants them the right to compete in the final stage scheduled in China in December 2025. Success in the next round could allow the team to officially introduce their product to the Chinese market.
Notably, the E-Geree.mn system was previously recognized as the “Best Innovation Project” in 2025 under the framework of the Mongolian Government’s 2023 Resolution No. 224 on funding innovative projects from the state budget. This accomplishment reflects the regional recognition of Mongolian startups for their innovation and technological solutions and marks another important step in the development of the national startup ecosystem.

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Petro Matad reports first oil revenues in its history www.thearmchairtrader.com

Petro Matad [LON:MATD], the London AIM-listed oil and gas explorer focused on Mongolia, has reported its first oil revenues in company history, marking a milestone in its long-delayed development of the Heron field, while simultaneously advancing a significant expansion into renewable energy.
For the six months to June 30, 2025, the group reported a narrowed loss of $1.7m, down from $2.56m a year earlier. Revenues were booked for the first time after crude production began at the Heron-1 well in Block XX in October 2024. Output averaged 165 barrels a day in the period, with a modest 3 per cent water cut.
Cash resources stood at $2.37m at the half-year, comprising $1.7m in cash and $0.67m in financial assets, up from $1.93m the year before. The company also strengthened its balance sheet through a £3m equity raise in July, issuing more than 370m shares at 0.8p each.
Proceeds will be used to reduce production costs at Heron-1 by connecting the well to the national electricity grid, fund well testing across Block XX, advance exploration at Block VII, and accelerate renewable energy projects.
Petro Matad potential tax liabilities
Petro Matad received $0.81m in net revenue for sales up to April 2025, at an average realised oil price of $62.9 per barrel. However, 30 per cent of sales proceeds were withheld by PetroChina, operator of neighbouring Block XIX and the company’s offtake partner, pending clarity on potential tax liabilities.
After pressure from Petro Matad and assurances from Mongolia’s tax authorities, PetroChina has indicated it will resume full payments once the sales agreement is amended. Subsequent payments for May, June and July production — totalling $0.33m — were received in the third quarter.
Chief executive Mike Buck said: “The start-up of production in Block XX in 2024 took far too long but we are delighted to have finally achieved it and now to be receiving oil sales revenue for the first time in the company’s history. We are hopeful that PetroChina’s withholding of 30 per cent of our sales revenue will soon be resolved.”
Diversification of energy portfolio
In parallel with first production, Petro Matad has sought to expand its asset base and diversify its energy portfolio. The company has revived farm-in discussions for Block XX and is now in detailed technical and commercial negotiations with a potential partner. In January it signed a production-sharing contract for Block VII in southern Mongolia, an acreage adjacent to producing fields across the Chinese border, with low initial financial commitments to limit upfront risk. A farmout process is under way to bring in a technically capable partner.
The company’s renewable energy arm, Sunsteppe, has signed an exclusive agreement to develop a 200MW hybrid wind and solar project connected to Mongolia’s national grid. Preparatory work has also begun on a much larger 1.5GW firm, plus 1.5GW contingent, renewables project in cooperation with Chinese utility SPIC. Petro Matad said some of the July fundraising proceeds will be directed towards bringing Sunsteppe’s projects to ready-to-build status.
Re-test of Heron-2 is underway
Field operations in the second half of 2025 will focus on well tests designed to boost Block XX production. A re-test of Heron-2 is under way, with testing of the Gazelle-1 and Gobi Bear-1 prospects to follow. The company is also finalising a grid connection for Heron-1 that is expected to cut operating costs by 15 per cent, replacing costly diesel with cheaper electricity.
Buck emphasised the importance of developing both sides of the business: “In the field we are working hard to complete our 2025 well test programme and at the same time, our renewables joint venture is growing into a potentially very valuable part of our business.”
He added that the company’s production crew was composed entirely of Mongolian nationals, most recruited from local communities, underscoring Petro Matad’s aim to embed itself within the country’s energy sector as it straddles fossil fuels and renewables.
By  Graeme Coles-Andrew

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Mongolia's forex reserves rise to 5.68 bln USD www.xinhuanet.com

Mongolia's foreign exchange reserves rose to 5.68 billion U.S. dollars as of the end of August, according to the country's central bank on Monday.
The figure increased by 5.64 percent compared to the previous month and by 3.15 percent since the beginning of this year, the Bank of Mongolia said in a statement.
Mongolia's central bank aims to increase the country's foreign exchange reserves to 6.5 billion U.S. dollars in the medium term.
The landlocked Asian country's forex reserves stood at 5.5 billion U.S. dollars at the end of 2024, according to the central bank.

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2025 Mongolia Investment Climate Statement Released www.mn.usembassy.gov

Ulaanbaatar, September 26, 2025 – Today, the U.S. Department of State released the 2025 Mongolia Investment Climate Statement. The 2025 Statement presents a balanced assessment of the potentials and challenges that U.S. investors may face as they explore the Mongolia business environment.
The 2025 Mongolia Investment Climate Statement is also a resource for Mongolian government partners as they work to create fair business environments for both U.S. investors and Mongolian domestic investors.
As stated in the 2025 Mongolia Statement, “Mongolia’s frontier market and natural resources offer potentially lucrative opportunities for investors, but caution is warranted due to the country’s vulnerability to external economic and financial shocks, ineffective dispute resolution, and lack of input from stakeholders during rulemaking, and increased risk of expropriation.”
The United States recognizes and commends Mongolia for publicly acknowledging the importance of a predictable and transparent statutory and regulatory framework for the private sector. The United States encourages Mongolia to implement laws and regulations that would deliver on these public commitments to create a nurturing environment for the private sector, which is the beating heart of a vibrant, diversified economy.
During a meeting with the American Chamber of Commerce in Mongolia, U.S. Ambassador to Mongolia Richard L. Buangan emphasized “Mongolia’s economic growth needs to be private sector led. To achieve that growth, there needs to be a legal, regulatory and investment framework which attracts serious, responsible domestic and foreign private sector investment.”
View the 2025 Mongolia Investment Climate Statement.

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